Electronic money transfer embedded in social media communities

A system called The Vault that functions by:

• The user logging onto the chosen social application and then logging onto The Vault's home page on the social application and thereby invoking The Vault;
• The Vault prompting questions as to whether the user wishes to allow The Vault application to run;
• The Vault prompting a user terms and agreement form that, if accepted by the user prompts the next screen;
• The Vault prompting either a registered user's sign in page, a guest user's data collection page, a new user sign up screen, a rules and regulations screen, a fee schedule screen or a spread the word screen depending on the user's choice;
• The Vault will present to the registered user the option to maintain their account;
• The Vault will providing to guest users, registered users and new users the option of sending or receiving funds;
• The Vault then prompting a series of questions if the user decides to send funds. The questions comprising but not being limited to:
• To whom are the funds being sent? How much is the user sending? What is the source for the funds that the user chooses? How does the user prefer the recipient to receive the funds? The Vault will also list any fees involved with the transaction. The Vault offers transactions to be made from multiple currencies to multiple currencies. The Vault also is able to use multiple source instruments for the same or different amount, to send or to receive the funds.
• The Vault sending the requests to the chosen source of funds based on the answers to the above listed questions;
• The Vault sending the information to the Master TXN File, which collects and prepares information regarding the transfer;
• The Vault using a clearance process which can be any one of various commercially available protocols, standards, networks and regulatory requirements including but not limited to Automated clearing house, SWIFT, EFTS, Electronic Data Interchange (EDI), EMT, Wire Transfer, Electronic Funds Transfer (EFT), Giro, STAR, Pulse, NYCE and others;
• The Vault either approving, rejecting, or denying the transaction based on the outcome of the clearance;
• The Vault notifying the sender through a message if the transaction has been denied or rejected;
• The Vault's master account receiving the message and sending a deliver request if the transaction has been approved;
• The Vault prompting questions for the delivery request, including but not limited to:
• To whom are the funds being sent? What is the amount being sent? What is the destination of the funds? What is the type of instrument being used to collect the funds? Who is the sender? What are the fees involved in the transaction?
• The Vault sending the funds to the designated recipient, in the designated amount, and to the designated instrument once questions above have been answered;
• The Vault messaging and or emailing the recipient that funds are coming and or that the funds have been sent. The Vault emailing the sender confirming transfer and or email the recipient asking for confirmation. The Vault emailing a confirmation and or warning that the funds are not being processed or that the send was rejected. The Vault messaging and or emailing a confirmation of the transaction and or message and or email a thank-you to the users.